Oil Prices Rebound Ahead of Key Industry Reports and Fed Decision Oil prices rose after last week’s decline, with Brent crude surpassing $80 a barrel as traders anticipate key industry reports and a Federal Reserve decision on interest rates. Prices had fallen following OPEC+ plans to increase output later this year, leading to a significant drop in bullish bets on oil. Upcoming reports from OPEC and the International Energy Agency, along with the Fed’s rate decision, are expected to provide further market direction. Analysts at Goldman Sachs forecast a significant market deficit in Q3, maintaining their Brent oil price range of $75-$90. Meanwhile, Iraq is nearing an agreement to resume disrupted oil exports from Kurdistan. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Economic Indicators Misfire: No Recession Despite Warning Signs READ MORE Shelter and Services Costs Key Focus in Upcoming May CPI Report READ MORE CNA- Money Mind: What's Driving Up Gold Prices Despite A Strong US Dollar & Stock Market? READ MORE UK Inflation Dips to Multi-Year Low READ MORE Central Banks Hedge Against the Dollar, Turning to Gold in a Strategic Shift READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment